Vinyl acetate monomer is an organic compound that is produced by the reaction of ethylene and acetic acid with oxygen by using palladium catalyst. It is one of the key chemical compounds use to produce various industrial and consumers goods such as polymers, which are further used in coatings, wire, construction materials, etc.
Market Dynamics
The growing use of vinyl acetate monomer for the production of polyvinyl alcohol which is further used across packaging films, photosensitive coatings, and thickeners is augmenting market growth. Adhesives are widely used across paints and coatings, construction, laminates, paper, and textiles industries for bonding applications due to their excellent adhesion properties to substrates such as ceramics, metals, paper, and wood. Hence, the growing demand for adhesives from various end-use industries is propelling the market growth of the vinyl acetate monomer.
Various companies are investing heavily in developing advanced technology for improving catalyst and process technologies. This could bring new prospects to the market in the near future. The goal of developing advanced technology for the production of the vinyl acetate monomer is to reduce the overall cost of the product and enhance the yields at a lower initial cost. Thus growing focus on technological gradations will favor market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook